Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Bitget against Variational Omni+0.013%7-day average +0.019% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.013%, 7d avg +0.019%

Together, before fees−0.004%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	92.165	0	get 0.0000% / 4h	2h 50m	$13.7M	$16.1M	—
Short	Bitget CLUSDT	92.177	0	get 0.0000% / 4h	2h 50m	$42.6M	$65.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.019%: −$0.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.64
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Bitget: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 4 min ago	2.28 bp	doesn't fit	2.3 bp −$23	7.9 bp −$790	doesn't fit
Sell Bitget live order book, 4 min ago	0.05 bp	6.3 bp −$6	10.1 bp −$101	doesn't fit	doesn't fit

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.637	−0.573%	$178K	—	20x	as long as short
QFEX CL-USD	−0.0019%	1h	92.140	−0.028%	$2.4M	$2.9M	10x	as long as short
Aftermath Perps WTIUSD	−0.0009%	1h	92.075	−0.098%	$2K	$31K	5x	as long as short
Aster CLUSD1	−0.0001%	4h	92.035	−0.141%	$24.6M	$73.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.118	−0.052%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	92.191	+0.027%	$243.7M	$1.07B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	92.195	+0.032%	$24.7M	$96.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.220	+0.059%	$43.0M	$112.7M	50x	as long as short
Gate CL_USDT	0.0000%	8h	92.160	−0.006%	$21.2M	$61.8M	100x	as long as short
Bitget CLUSDTshort	0.0000%	4h	92.177	+0.013%	$42.6M	$65.9M	100x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CLlong	0.0000%	4h	92.165	long leg	$13.7M	$16.1M	—
GRVT CL_USDT_Perp	0.0000%	4h	92.107	−0.064%	$58K	$795K	25x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.000	−0.180%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.005	−0.174%	$2.0M	$29.6M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.466%	$18K	$14K	30x	as long as short
edgeX CLUSDC	+0.0034%	4h	92.117	−0.052%	$530K	$344K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	92.203	+0.041%	$255K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	92.140	−0.028%	$727K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	91.920	−0.266%	$395K	$1.1M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.050	−0.125%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.135	−0.033%	$2.0M	$43K	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	+0.0075%	1h	92.200	+0.037%	$96K	$314K	15x	as long as short
Paradex CL-USD-PERP	+0.0083%	8h	92.153	−0.014%	$15K	$367	5x	as long as short
Pacifica CL	+0.0100%	1h	92.192	+0.028%	$326K	$562K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.128	−0.041%	$7.5M	$1.9M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.140	−0.028%	$56K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.167	+0.001%	$4K	$49	10x	as long as short
Ondo Perps WTI-USD.P	+0.0128%	1h	92.170	+0.005%	$3.5M	$6.4M	20x	as long as short
Nado WTI-PERP	+0.0137%	1h	92.166	0.000%	$873K	$774K	10x	as long as short
Lighter WTI	+0.0192%	1h	92.107	−0.063%	$11.1M	$12.0M	20x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	92.225	+0.065%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.160	−0.006%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.210	+0.048%	$3.2M	$2.7M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0282%	1h	92.138	−0.030%	$1.6M	$1.3M	20x	as long as short
Bullet WTIOIL-USD	+0.0384%	1h	92.214	+0.053%	$19K	$242K	10x	as long as short
tradeXYZ xyz:CL	+0.0486%	1h	92.140	−0.028%	$183.1M	$291.9M	20x	as long as short